CEO David Price said the results were “an encouraging sign for gold mineralisation”
() shares got a boost on Monday as the miner said it had intersected “strong sulphides” during drilling at its Plateau gold deposit in north Queensland.
The AIM-listed firm said all holes drilled in the programme, which had been completed ahead of schedule and within budget, had intersected “broad intervals of sulphides” including one zone of strong sulphides of up to 50%.
READ: Rockfire sets the drilling rigs turning once again at Plateau, following the return of strong gold intercepts last year
“It’s encouraging to see sulphides once again being encountered over broad intervals. Although sulphide occurrence does not necessarily translate into gold occurrence, it is an encouraging sign for gold mineralisation”, said Rockfire chief executive David Price.
He added that the group is looking to recommence drilling at the end of the wet season, while samples from the recent drilling will be delivered to a laboratory for testing in the coming week.
The shares climbed 2.3% to 1.1p in mid-morning trading.